Interserve Plc and MacLellan Group Plc - Publication of Documents

30 May 2005

On 2 May 2006, the boards of Interserve and MacLellan announced that agreement had been reached between them on the terms of a recommended proposal for the acquisition by Interserve, for cash (with a Loan Note alternative) and shares, of the entire issued and to be issued ordinary share capital of MacLellan and the acquisition by Interserve, for cash, of the entire issued convertible preference share capital of MacLellan.  It is intended that the Acquisition will be effected by means of a scheme of arrangement of MacLellan under section 425 of the Companies Act.

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